ITV

Tag: Amit Singh

  • Yesmadam rolls out zero per cent commission for top gig workers across India

    Yesmadam rolls out zero per cent commission for top gig workers across India

    MUMBAI: Yesmadam, has rolled out zero per cent commission model for its top-performing service professionals marking a transformative moment in the gig economy.

    Announced by co-founder & CEO Mayank Arya via a touching Linkedin post, the decision reflects a shift not just in business policy, but in purpose placing financial dignity and fairness at the core of the brand’s ethos.

    The announcement followed an emotional gratitude lunch at Taj Palace, where Yesmadam’s top service partners shared moving personal journeys. It was here that the company’s founding team made the on-the-spot decision no cuts, no strings 100 per cent of the earnings would now go directly to the service professionals.

    The company had been inching towards this step, progressively reducing commissions from 20 per cent to 8 per cent, before finally erasing them entirely for top performers.

    The spark came from a viral LinkedIn post by Amit Singh, spotlighting Rita Devi, a Yesmadam service partner who transformed her life after joining the brand. Once a teen mother who gave up her dreams, Devi now earns Rs 70,000/month, supports her four daughters’ education, and has become a figure of pride in her community.

    “We have always believed that service professionals are the backbone of Yesmadam. Their stories of perseverance inspired us to act with intent and empathy. When we heard them speak with such honesty and strength at the celebration lunch, it became clear that true support goes beyond applause. Offering a zero per cent commission is our way of giving them the respect and financial freedom they deserve. It marks a step towards rewriting the rules of how the gig economy treats its people,” said co-founder & CEO Arya.

    Co-founder & CMO Akanksha Vishnoi added, “At Yesmadam, listening isn’t just a value, it’s our foundation. Whether it’s our customers, our team, or our service partners, we pay attention to every voice. The zero per cent commission model is a direct outcome of that principle. It’s not just a business decision, it’s a reflection of care becoming part of the system. By offering complete financial freedom to our top-performing partners, we’re not only recognizing their efforts but also setting a new benchmark for the gig economy, one that’s rooted in empathy, respect, and real empowerment.” 
     

  • Adani Green Energy’s H1 FY25 revenue soars 20 per cent on capacity expansion

    Adani Green Energy’s H1 FY25 revenue soars 20 per cent on capacity expansion

    Mumbai: In a world marred by industrial grime and chemical plumes, a green energy beacon shines brighter than ever. Adani Green Energy Ltd (AGEL) emerges as a trailblazer, showcasing stellar results for the quarter and half-year ending September 30, 2024. The company’s remarkable growth story—driven by ambitious capacity expansion, surging energy sales, and shrewd financial strategies—cements its place at the forefront of India’s renewable energy revolution, where it continues to shape a cleaner, more resilient future.

    The company reported a 16 per cent year-on-year increase in quarterly revenue, reaching Rs 2,309 crores in Q2 FY25, driven by the addition of 2,868 MW in greenfield capacity and consistent plant efficiency. For the half-year period, revenue surged by 20 per cent to Rs 4,836 crores, while EBITDA rose 20 per cent to Rs 4,518 crores, maintaining an industry-leading margin of 92.2 per cent. Cash profit surged by 27 per cent to Rs 2,640 crores, reflecting the company’s operational prowess and disciplined cost management.

    CEO Amit Singh stated, “Our financial performance continues to be strong, driven by significant greenfield capacity additions and robust operational efficiency. Our entry into the commercial and industrial (C&I) segment and the redemption of a $750 million Holdco bond illustrate our commitment to sustainable growth and systematic deleveraging.”

    The recent redemption of the $750 million bond has markedly improved the company’s leverage ratios. This move, combined with a steady increase in operational capacity to 11.2 GW—an impressive 34 per cent year-over-year rise—positions AGEL for further growth. The ambitious development of a 30 GW renewable energy plant in Khavda, Gujarat, promises to set new benchmarks for the sector. The Khavda project is rapidly progressing, with 2 GW of solar and 250 MW of wind capacity already operational.

    The company’s use of advanced technologies like machine learning and AI for operations and maintenance continues to pay off, leading to a reduction in O&M costs. AGEL’s consistent electricity generation has not only met but exceeded annual commitments under power purchase agreements, reaching 57 per cent of the annual target in H1 FY25. Additionally, the company remains a leader in sustainability, maintaining top ESG rankings and setting ambitious decarbonisation targets, with a goal to achieve 50 GW of renewable capacity by 2030.

    While AGEL’s growth trajectory remains strong, the company faces ongoing challenges, including a volatile financing environment and ambitious expansion plans that necessitate substantial capital expenditure. Yet, the consistent reduction in leverage and strategic focus on high-margin segments bode well for sustaining growth. As the renewable energy sector matures, AGEL’s proactive measures and strong operational base position it favourably against its peers.

     

  • Mirza Juuliet….Poor rehash

    MUMBAI: Mirza Juuliet is one more spin-off on the legendary Punjabi folk tale of Mirza Sahiban, the love story of Mirza and Sahiban. A film was made on the same story in 2016 in a modern context as Mirzya. Mirza Juuliet is just another feebler attempt.

    The character of Sudarshan Kumar comes back to his maternal uncle’s home where he was brought after he was orphaned. But, he runs away. His father and mother were killed by the gun wielding goons in UP. He was restless to seek revenge. Having run away from his uncle’s care, Kumar seeks a job at a dhaba where, one day, he spots the killers responsible for his parents’ death. He kills them with their own gun.

    Sent to a juvenile home, one wonders how Kumar did emerges a grown up man when he is released! The film then goes on to chart a script of will.

    Kumar ran away even while his uncle was bringing him home to care for him as he was an orphan and he has been in some sort of custody ever since. But, after being released, he already has a backstory about his childhood love with the character of Piaa Bajpai, his uncle’s neighbour! It seems she was his companion in school as well as life around the mohalla.

    This Mirzya Sahibaan story is based in UP and, as if mandatory, involves political background. Piaa’s three brothers are gun totting bahubalis, her fiancé is the son of a politician with plans to become the next chief minister. There are family intrigues and killings.

    What irks Piaa is her fiancé’s sexual advances even before marriage. In one such attempts by him, she realises that what her fiancé wants to do with her, she would rather she did it with Kumar. She realises she loves him.
    Having finished with its UP style friendships, relationships, enmities and intrigues, the film now resorts to the legend of Mirza Saahiban. If you watched Mirzya, you are watching a rehash, albeit more convoluted, in this film.

    The film looks dated, has a poor script, poorer execution and nothing working for it. Viewer does not care for regional politics or bahubali stories, especially the UP, Bihar kind.

    Producers: Neeraj Kumar Burman, Ketan Maru, Amit Singh.

    Director: Rajesh Ram Singh.

    Cast: Piaa Bajpai, Darshan Kummar, Priyanshu Chatterjee and Chandan Roy Sanyal.